Get the complete project »
- The Complete Research Material is averagely 55 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
This study uses the framework of the agency theory to systematically investigate the relationship between corporate governance mechanisms; board of directors’ characteristics (board size, board independence, duality, board meetings, and director’s ownership) and audit committee size with the level of information asymmetry in UAE. The multiple regression analysis provides evidence that board size is significantly positive related to information asymmetry. While board independence, board meetings, directors’ ownership and audit committee size have a significantly negative association related to information asymmetry. The findings show that the information asymmetry among the United Arab Emirates (UAE) companies is high and the implementation of the Code of Corporate Governance more likely to be underdevelopment.
Keywords: corporate governance, information asymmetry, shareholders, United Arab
1.1 Background of the Study
The asymmetry lies in the difference between what the most informed stakeholders know but the uninformed stakeholders are not informed about certain information. This link impacts growth options, risk, managerial incentives and other factors which mean that the relation does not stem out from an intrinsic doubt regarding the firm performance (Hilary, 2006). Information asymmetry also means when one or more investors are privy to the firm’s value while the rest can only access public information (Brown & Hillegeist, 2007). Relationships between companies and upstream suppliers have always been characterized by information asymmetries in a way that one member of the party to the transaction has more information compared to the other (Martin & Johnson, 2010). For instance, information asymmetries stem from hidden actions, meaning to say that the firm has no idea how the upstream supplier will react when he is acting in an unethical way.
The actual elimination of information asymmetry’s negative impact can be carried out through maximizing the access to information regarding the company that is nonstandard and through the increase of the information visibility of what the company offers the stakeholders. The risk lies in the varying interpretation of the information that the company provides which may lead to different stakeholder behavior (Jasso, 2009). According to Mercer (2004), information precision is an attribute of information that underlies disclosure credibility. It is evident that asymmetric information is related with information disclosure. In other words, the less the information is transparent, the lower the information disclosure will be (Kong, Xiao & 2 Liu 2011).
Corporate governance is a set of tools or procedures that monitors and controls the organization in its quest to achieve goals and maximize long-term shareholders’ benefits. Therefore, effective corporate governance is importance to protect the interests of shareholders, customers, suppliers, employees and government by guaranteeing that firms are made accountable for their actions (Vinten, 1998). In 2004, the OECD underlines that corporations need to be run, primordial, in the interest of shareholders (OECD 2004). But in corporate governance systems, the company is viewed by the stakeholder as a set of expectations akin to a polycentric vision of the corporate governance systems which has the company in its center with the stakeholders attempting to govern surrounding it (Marcel, Or
You either get what you want or your money back. T&C Apply
Share a Comment
You can find more project topics easily, just search
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
1. DYNAMIC INFORMATION TECHNOLOGY CAPABILITIES (DITC) AND ORGANISATIONAL PERFORMANCE: THE MEDIATING EFFECTS OF PROCESS IMPROVEMENT IN KADUNA STATE» ABSTRACT Since the aftermath of global financial crisis in 2008, and its subsequent effect on the Nigeria financial sector, relentless competition dri...Continue Reading »
135 pages | 66 hits | Source: BUSINESS ADMINISTRATION
2. THE ROLE OF MICROFINANCE INSTITUTIONS IN FINANCING SMALL SCALE BUSINESSES (A STUDY OF UYO METROPOLIS)» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Studies on industrial development countries have shown that small and medium enterprises constitu...Continue Reading »
52 pages | 378 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE1.1INTRODUCTIONEvery organization is made up of human and physical resources. The resources are bought together in order to accomplish thes...Continue Reading »
52 pages | 453 hits | Source: BUSINESS ADMINISTRATION
» (A CASE STUDY OF GUINNESS NIGERIA PLC)CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Job satisfaction is generally recognize in the organization...Continue Reading »
52 pages | 239 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE 1.1 Introduction Every aspect of management in the modern age relies heavily on information to thrive. Nothing moves without information a...Continue Reading »
35 pages | 216 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY It should be recanted that a decision is a choice where by a person forms a conclusion about a si...Continue Reading »
50 pages | 513 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Change management is the continous process of aligning an organization with its market place and ...Continue Reading »
58 pages | 452 hits | Source: BUSINESS ADMINISTRATION
8. CRITICAL ANALYSIS OF THE CAUSES OF BUSINESS FAILURE IN NIGERIA AND POSSIBLE SOLUTION (FAITH PRESS, UYO)» ABSTRACT This research work is on causes of business failure and possible solutions with a case study of Faith printing press, Uyo. business failure i...Continue Reading »
52 pages | 582 hits | Source: BUSINESS ADMINISTRATION
9. ANALYSIS OF CORPORATE LEADERSHIP AND EMPLOYEE EMPOWERMENT IN SELECTED NIGERIAN BANKS. (A STUDY OF DIAMOND BANK PLC, ECOBANK PLC, UNION BANK PLC, IN E...» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Leadership is a subject that has long excited interest among scholars and managers of men and res...Continue Reading »
85 pages | 868 hits | Source: BUSINESS ADMINISTRATION
» ABSTRACT The impact of public expenditure on agriculture in Nigeria is enormous. Government having recognized agriculture as the second highest sector...Continue Reading »
94 pages | 620 hits | Source: BUSINESS ADMINISTRATION